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Section 3. Term of Agreement. This Agreement shall become effective as of January <br />25, 2016 and, unless sooner terminated by either party pursuant to the terms of this <br />Agreement, shall remain in effect thereafter for a period of five (5) years from such date. <br />Unless FirstSouthwest or the Issuer shall notify the other party in writing at least forty- <br />five (45) days in advance of the applicable anniversary date that this Agreement will not <br />be renewed, this Agreement will be automatically renewed on the fifth anniversary of the <br />date hereof for an additional one (1) year period, and thereafter will be automatically <br />renewed on each anniversary date for successive one (1) year periods, for a maximum <br />term, including all renewals, of ten (10) years. <br />Section 4. Termination. This Agreement may be terminated with or without cause by <br />the Issuer or FirstSouthwest upon the giving of at least forty-five (45) days prior written <br />notice to the other party of its intention to terminate, specifying in such notice the <br />effective date of such termination. In the event of such termination, it is understood and <br />agreed that only the amounts due FirstSouthwest for services provided and expenses <br />incurred to the date of termination will be due and payable. No penalty will be assessed <br />for termination of this Agreement. <br />Section 5. Compensation and Expense Reimbursement. The fees due to <br />FirstSouthwest for the services set forth and described in Section I of this Agreement <br />with respect to each issuance of Debt Instruments during the term of this Agreement <br />shall be calculated in accordance with the schedule set forth on Appendix A attached <br />hereto. Unless specifically provided otherwise on Appendix A or in a separate written <br />agreement between Issuer and FirstSouthwest, such fees, together with any other fees <br />as may have been mutually agreed upon and all expenses for which FirstSouthwest is <br />entitled to reimbursement, shall become due and payable concurrently with the delivery <br />of the Debt Instruments to the purchaser. <br />Section 6. Personnel. Edward D. Stull, Jr., Managing Director, will be assigned to <br />work with County as Financial Advisor. If, for any reason, personnel assigned is <br />changed or replaced, the County has the right to immediately terminate this Agreement. <br />The County has the right to approve, disapprove, or request, for any reason, <br />FirstSouthwest to replace any personnel assigned by FirstSouthwest to the account. <br />Should the County make such a request, FirstSouthwest shall promptly suggest a <br />substitute until a satisfactory substitute is selected. <br />Section 7. Indemnification. To the fullest extent permitted by law, FirstSouthwest <br />shall indemnify and hold harmless the County, its commissioners, officers, and <br />employees from liabilities, damages, losses and costs including, but not limited to, <br />reasonable attorney's fees, to the extent caused by the negligence, recklessness, or <br />intentional wrongful conduct of FirstSouthwest and other persons employed or utilized <br />by FirstSouthwest in the performance of this Agreement. <br />7 <br />